SlopeMATRIX Guide – Slope of Hope with Tim Knight

Overview

Lists

Actions

Portfolio

Statistics

Risk

This is an overview of SlopeMATRIX, which is another premium feature built for Silver, Gold, and Platinum users. You can upgrade your membership level to get immediate access to the page.

SlopeMATRIX provides streaming, real-time quotes for a variety of public lists (such as the components of the NASDAQ 100, the Dow 30, and so on) as well as your own custom-made watchlists. It can be a vitally important part of your own trading life.

You can sort any list by symbol, name, price change, or percentage change. Clicking the top of any given column will sort (and subsequently reverse-sort) the contents. This is a great way to instantly see where the big action is taking place on any given day for any particular list. The percentage change column is of particular interest.

Importantly, the product has four different modes. The default mode is “Matrix“, but the other three, Portfolio, Risk, and Statistics, provide an entirely different wealth of information, and they are each introduced in their own sections herein.

The most useful thing about this product is how well integrated it is with all of Slope’s watch lists (both your own as well as the ready-made ones).

The left side of MATRIX has the same panel of lists that you use in SlopeCharts, and by clicking the left and right arrows at the top of the panel, you can move to different classes of information for instant view of the quotes therein. Just click on any specific list to view its quotes.

You can get additional information on Pre-Defined watchlists by clicking here

For a review of shared watchlists click here.

And for general information about your own watchlists, click here.

On the right side of the screen are icons which let you go to a “super summary” page, see the market meter for that symbol, delete that symbol, and perform other functions. In almost all of these cases, a small window will appear on top of your browser, meaning you need not abandon the page you are on just to get more information, such as the Market Meter….

……..the opportunity to create a SlopeAlert…………

…….the relative rotation graph………..

………and the earnings reaction graph. All four of these show up in DIV windows so that you don’t abandon the Matrix page.

The Portfolio mode brings a whole new dimension of utility to the product, because it lets you enter the details of your actual holdings so you can have up-to-the-second information on your profits and losses. Whether you keep your actual positions in a watch list of their own or not is up to you, although it’s somewhat cleaner visually if you do. Regardless, in Portfolio mode, you will see some new columns that do not exist in Matrix mode:

Even if you have a large number of positions, you can swiftly go through them just as you would a spreadsheet, pressing Tab to leap from one field to the next. Specifically, you would fill in:

Quantity: how many shares you were long or short;
Side: whether you were Long or Short;
Entry $: the dollar price of your entry;
Stop $: the value of your stop-loss price, if any (if a stop is hit, the row is highlighted so your attention is drawn to it)

Once you’ve entered that information, you will see the position value, its P/L, and the totals at the bottom.

As dry as the word “Statistics” sounds, it has some of the most fascinating information available, particularly for high-flying issues. What it shows for each of the symbols in your watch lists are:

Market Cap – the total market capitalization (that is, the fully-realized value of the entire entity based on the current stock price);
P/E Ratio – the price/earnings ratio, which can also show up as a negative number, illustrating how much the company is losing per share;
52-week High;
52-week Low;
YTD Change – the year-to-date price change, in percentage terms;
Avg Volume – the average daily volume of shares traded

As with other modes, clicking the column title will sort it either ascending or descending. Here, for example, you can see some of the extraordinary price gains…….

………and losses………..

And it’s always amusing, particularly if you follow a large quantity of stocks, to see what has the craziest P/E Ratio:

SlopeMATRIX provides a handy “center” for your trading world, since it allows you to focus on what matters most: specifically, your own portfolio, your profits, and your losses, as well as the deeper data underlying the symbols.

Assessing risk and rewards for any given positions is crucial to success in trading. Perhaps the most important mode available in SlopeMATRIX is Risk Mode, which focuses on these two tasks.

It features:

A column in which you can enter a target price for the position (this is optional);
The S/L $ Risk column, which tells you in dollar terms what the risk is for your position (based on current price levels) if it were to hit its stop price.
The S/L % Risk column, which tells you in percentage terms what the risk is for your position (based on current price levels) if it were to hit its stop price.
The Tgt $ Reward column, which tells you in dollar terms what the opportunity is for your position if it goes all the way to your target price
The Tgt % Reward column, which tells you in percentage terms what the opportunity is for your position if it goes all the way to your target price

As usual, every single column is sortable, which is a fantastic way to get answers to such questions as:

Am I taking too much risk in a given position?
What are the biggest and smallest profit opportunities?
What are the biggest and smallest risks based on position?
Do I need to tighten or loosen any of my stop-loss prices in order to make adjustments for too-large or too-small levels of risk? Or perhaps I should change the size of my position for the same goal.